Then in a year move out and buy another home with the equity you have built up in the home.Great thing about buying a 2-4 unit as a Primary is you only need 3.5% to 5% down which ever on you choose either FHA or Fannie Mae.

I submitted a low-ball offer and it got rejected.

For those that are 1-4 unit properties on fixed-rate 30-year mortgages, I'm generally not making any changes since they were purchased at low interest rates.

Now because of the rate being so low I can actually cash flow with this deal.

I would most likely never invest in a syndication, but it seems like this would be a great opportunity to "buy low" based on all of the failed ones I'm seeing. 

There are good people who, if they could, would choose to live in Class B neighborhoods, but they can only afford class C....that is your target resident.  

Low property taxes, landlord friendly and with tech and manufacturing jobs moving from the Bay Area there is strong job growth.

Is worse than bad credit, criminal records, or low income.

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).

I would keep that low interest rate and the cash flow as a nice cushion to enjoy when times get rough.